Background: Sundaram BNP Paribas Asset Management Company Ltd., a fully owned subsidiary of Sundaram Finance. The AMC was started in 1996 as a joint venture between Sundaram Finance (61%) and Newton Investment Management (39%). Subsequent to the acquisition of Newton by US-based Mellon Financial Corporation, Sundaram Finance, in 2002, acquired the 39% stake of Newton in the AMC.
The fund house manages assets worth Rs 12413.43 crore in May 2009. Sundaram BNP Paribas Select Focus (G) an open-ended equity scheme launched in June 2002.
The objective of the scheme is to achieve capital appreciation by investing in very few select stocks.
The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 69.87 per unit as on 29 June 2009.
Portfolio: The total net assets of the scheme increased by Rs 301.72 crore to Rs 1212.18 crore in May 2009.
Sundaram BNP Paribas Select Focus (G) took fresh exposure to six stocks in May 2009. It has purchased 26.96 lakh units (4.79%) of NTPC, 8.23 lakh units (2.51%) of Lanco Infratech, 8.78 lakh units (2.44%) of Tata Motors and 28.34 lakh units (1.98%) of Hindalco Industries among others.
The scheme exited completely from Bharat Petroleum Corporation by selling 4.69 lakh units (1.99%), Ambuja Cements by selling 19.58 lakh units (1.74%), India Cements by selling 13.01 lakh units (1.64%) and Pantaloon Retail (India) by selling 6.33 lakh units (1.31%) among others in May 2009.
Sector-wise, the scheme took fresh exposure to Engineering at 2.51%, Automobiles-LCVs/HCVs at 2.44%, Aluminium and Aluminium Products at 1.98% and Finance & Investments at 1.76% in May 2009.
Sector-wise, the scheme exited completely from Cement-North India at 1.74%, Cement-South India at 1.64% and Textiles-Products at 1.32% among others in May 2009.
The scheme had highest exposure to Reliance Industries with 5.17 lakh units (9.72% of portfolio size) followed by ICICI Bank with 11.97 lakh units (7.32%), Oil & Natural Gas Corporation with 5.34 lakh units (5.19%) and Jaiprakash Associates with 27.52 lakh units (4.71%) among others in May 2009.
It reduced its exposure to Bharti Airtel by selling 1.69 lakh units to 4.48 lakh units (by 2.05%), ITC by selling 66992 units to 18.46 lakh units (by 1.17%), Punjab National Bank by selling 2.28 lakh units to 4.52 lakh units (by 1.07%) and Tata Consultancy Services by selling 18295 units to 6.13 lakh units (by 0.78%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Power Generation and Supply at 15.90% (from 10.35% in April 2009), followed by Construction at 9.94% (5.97%), Refineries at 9.73% (11.61%) and Banks-Private Sector at 8.79% (6.49%) among others in May 2009.
Sector-wise, the scheme had reduced exposure to Telecommunications-Service Provider to 5.58% (by 2.58%), Refineries to 9.73% (by 1.89%), Banks-Public Sector to 6.84% (by 1.48%) and Entertainment/Electronic Media Software to 1.79% (by 1.44%) among others in May 2009.
Performance: The performance of scheme is benchmarked against S&P CNX Nifty. The scheme has underperformed the benchmark index over most of the time periods.
The scheme has posted negative returns of 2.79% underperforming the S&P CNX Nifty that declined 1.30% over 1 month period ended 29 June 2009.
Over 3 months period, the scheme advanced by 41.5% outperforming the S&P CNX Nifty that gained 41.25%. It fell 0.03% outperforming the benchmark index that was up by 6.15% over 1 year period.
The fund house manages assets worth Rs 12413.43 crore in May 2009. Sundaram BNP Paribas Select Focus (G) an open-ended equity scheme launched in June 2002.
The objective of the scheme is to achieve capital appreciation by investing in very few select stocks.
The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 69.87 per unit as on 29 June 2009.
Portfolio: The total net assets of the scheme increased by Rs 301.72 crore to Rs 1212.18 crore in May 2009.
Sundaram BNP Paribas Select Focus (G) took fresh exposure to six stocks in May 2009. It has purchased 26.96 lakh units (4.79%) of NTPC, 8.23 lakh units (2.51%) of Lanco Infratech, 8.78 lakh units (2.44%) of Tata Motors and 28.34 lakh units (1.98%) of Hindalco Industries among others.
The scheme exited completely from Bharat Petroleum Corporation by selling 4.69 lakh units (1.99%), Ambuja Cements by selling 19.58 lakh units (1.74%), India Cements by selling 13.01 lakh units (1.64%) and Pantaloon Retail (India) by selling 6.33 lakh units (1.31%) among others in May 2009.
Sector-wise, the scheme took fresh exposure to Engineering at 2.51%, Automobiles-LCVs/HCVs at 2.44%, Aluminium and Aluminium Products at 1.98% and Finance & Investments at 1.76% in May 2009.
Sector-wise, the scheme exited completely from Cement-North India at 1.74%, Cement-South India at 1.64% and Textiles-Products at 1.32% among others in May 2009.
The scheme had highest exposure to Reliance Industries with 5.17 lakh units (9.72% of portfolio size) followed by ICICI Bank with 11.97 lakh units (7.32%), Oil & Natural Gas Corporation with 5.34 lakh units (5.19%) and Jaiprakash Associates with 27.52 lakh units (4.71%) among others in May 2009.
It reduced its exposure to Bharti Airtel by selling 1.69 lakh units to 4.48 lakh units (by 2.05%), ITC by selling 66992 units to 18.46 lakh units (by 1.17%), Punjab National Bank by selling 2.28 lakh units to 4.52 lakh units (by 1.07%) and Tata Consultancy Services by selling 18295 units to 6.13 lakh units (by 0.78%) among others in May 2009.
Sector-wise, the scheme had highest exposure to Power Generation and Supply at 15.90% (from 10.35% in April 2009), followed by Construction at 9.94% (5.97%), Refineries at 9.73% (11.61%) and Banks-Private Sector at 8.79% (6.49%) among others in May 2009.
Sector-wise, the scheme had reduced exposure to Telecommunications-Service Provider to 5.58% (by 2.58%), Refineries to 9.73% (by 1.89%), Banks-Public Sector to 6.84% (by 1.48%) and Entertainment/Electronic Media Software to 1.79% (by 1.44%) among others in May 2009.
Performance: The performance of scheme is benchmarked against S&P CNX Nifty. The scheme has underperformed the benchmark index over most of the time periods.
The scheme has posted negative returns of 2.79% underperforming the S&P CNX Nifty that declined 1.30% over 1 month period ended 29 June 2009.
Over 3 months period, the scheme advanced by 41.5% outperforming the S&P CNX Nifty that gained 41.25%. It fell 0.03% outperforming the benchmark index that was up by 6.15% over 1 year period.
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